Overview: Today we finally broke the Jun 16th low. This is what I was expecting for months, in fact let's check my ES review of June 17th: "What comes next is another wave X and then the third zigzag, Z to the actual market bottom."
In this whole time, we were strictly on the same higher-level count, only doing minor changes to the structure of subwaves as they developed.
let's review the expectations of yesterday's update:
This morning I updated the count, expecting us to go lower as wave 5 of a of (III).

Update: the price action followed our revised expectations of this morning (the general structure was a bit different than I considered yesterday). Looking into the 15-min chart, I think we are in wave (A) of 5 of a of (III).

Potential target for wave a of (III) bottom?
* Based on fib ratios for wave 5 of a of (III): 3550-3595
In this whole time, we were strictly on the same higher-level count, only doing minor changes to the structure of subwaves as they developed.
let's review the expectations of yesterday's update:
- Wave 4 completed as a flat, then we went lower to complete waves a (purple) and b (purple) of 5 (cyan) of (C) (yellow) of 3 (light green) of a (red) of (III).
- What follows is wave c of 5 to complete wave 3 (light green).
This morning I updated the count, expecting us to go lower as wave 5 of a of (III).
Update: the price action followed our revised expectations of this morning (the general structure was a bit different than I considered yesterday). Looking into the 15-min chart, I think we are in wave (A) of 5 of a of (III).
Potential target for wave a of (III) bottom?
* Based on fib ratios for wave 5 of a of (III): 3550-3595
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
